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moneywatch" the shrinking deficit and warren buffett makes a big donation in charity. ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>> the deficit is down according to a new white house projection. the federal government is spending $759 billion more than it is taking in this year. that's down more than $200 billion from earlier predictions. the improvement is credited to the automatic spending cuts triggered by the financial cliff and increasing revenue from an improving economy. >>> consumers are whipping out their credit cards more often. sending consumer borrowing surging. credit card use has soared to its highest level since fall of 2010. americans increased borrowing in may at the fastest rate in a year. experts say a jump in borrowing means people are feeling more confident in the economy.
," news of a much lower deficit may sound great but is it all a sham? our next guest says yes and he's here to tell us why we shouldn't be celebrating. >>> apple seems to be falling off out of its tree these days. the author of, "inside apple" says it is no longer the industry leader it once was. google is set to take over the top spot. he is here with details. "piles of money" coming up. ♪ my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those wh are or who may become pregnant and children should avoid contact where axiron is applied as uneecd signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include increased risk of prostate cancer;
. there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked likely. and that is the concern now with forces in deadlock and confrontationnd calls for what the muslim brotherhood calls and intifada, all the risk of more violence at a time when tensions are already running high. on the other side of cairo in tahrir square, people have been gathering that with a very different message, saying the military had to act last week to restore the revolution. now, are competing camps trying to reclaim the mantle of the revolution while all the while concern grows for future stability here in egypt. we will keep an eye on all of the developments. anin the immediate future, inves
" says this year's deficit forecast has shrunk. deficit expected to be $759 billion. that's $214 billion less than previously forecast. part of the reason the massive automatic spending cuts that kicked in march 1st. >>> "wall street journal" says americans are keeping up with their credit card bills. the rate of people falling behind has dropped to the lowest level in two decades. experts say debt is down and wealth is up. >> charlotte observer said singer randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused by a virus that can cause heart failure. >>> a scene of chaos in canada. flash flooding dumped a record amount of rain nearly four inches around toronto. 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped four hours until early this morning. they had to be rescued after their train filled with gushing water. police and firefighters used small inflatable boats to free them. forecasters saying more th
that the affordable care act will reduce the deficit by over $100 billion over the next ten years. this is more than fully paid for. >> reporter: at the white house the officials say that the claim that it raises the cot of the law is a sabotage effort. >> the republican house that's driving the narrative are not concerned about a delay and the law they want to impose. they want to kill the bill. >> reporter: jay carney says if the republicans wanted to fix the obama care bill they would find alternatives. what's driving them to do it is it's not working. >> i support that. we're talking about perm neblt delay. we'd like to see the same thing delayed for everybody. >> reporter: others agree with thune but there's a hard argument on how it is. >> the point is the mandate was not relay. certain reporting by businesses that could be perceived as ho r onerous. >> reporter: it contains no warning about not injuring workers. it say, quote, during this 2014 transition period, we strongly encourage employers to maintain or expand health coverage. part of the reason for the delay is finding a way to determi
it will will make the budget deficit. all of those problems will come back up. i think it will be a problem for the euro, so in my opinion, the dollar will make fresh yearly looi highs as we go forward. >> boris, is the most important thing what we hear from the fed? the fed minister released on wednesday. will give us insight as to what was said around the table. >> i this i the bharkt will be focused, not so much on what bernanke says what the hawks are saying. the they are feeling. if they give the market an inkling september is a tapering period that, will give the dollar moore of a boost. out of the u.k. telegraph, they said like the holy empire, omt was neither outright, nor monetary more transactional. bcb is floating the euro on its rhetoric, nothing more. i think that will hurt the euro as we go forward. >> that's a great point kevin, let's talk oil price, they have been concerned with egypt, concerns about an egypt story, how much is the stronger economic numbers? >> well the stronger economic numbers are a part of the false bull story. maybe bulls in rose colored glasses is what
. the president has proposed a strategy that would solve our long-term deficit problems but continue investing in the creation of middle class jobs, continue investing in skills training so they can succeed in the jobs and also to help communities to create a skills infrastructure so they can bring jobs overseas here. i've visited charlotte north carolina where they've done that with seamens local community college has done a terrific job to create a training program to attract jobs to the united states but this log jam that we have in washington right now and the sequester that we have in place this across the board budget cuts killing middle class jobs programs across the government just makes no sense. it is slowing down the economy. it cut economic growth in the first quarter in half. it is really hurting us. so if we can turn around the sequester and continue investing in middle class jobs, we can bring the jobs numbers up substantially. >> bill: wheel we're creating new jobs, we're losing jobs in the public sector. >> that's right. we lost another 7,000 jobs in government this month. thi
to the deficit. we also just went through the process of sequestration, something that the president and his administration passed, both the senate and the house to compromise, in the sense if they could not reach acceptable cuts, it will go into effect. it went into effect and as a result the government trimmed its budget by $85 billion. the bill as it stands now that the senate has proposed, i believe the 20,000 border guards, which would not come into effect until i think 2021 would cost at least 40 billion dollars. and i think for republicans, they have to see the trees through the forest. they should not be intimidated by the democratic party, the minority party in the house, and they should not be intimidated by the mainstream media that continues to carry their water. this country desperately needs leadership. what it should say is, we will support immigration but we reject the hundred million dollars from las vegas. there are many things objectionable that i think to both democrats and republicans. this is the opportunity for the republican party today. host: can i ask you a follow-u
. then there's going to be a deficit. the chicks come home to roost after the mid term election. mine is going to be coming in and out and no one will be upset until after the mid terms. >>steve: the government says there will be better verification someday. but right now because they've got to get things going, no verification. be truthful, america. >>brian: 24 minutes before the top of the hour. quick look at the world of sports. patriots fans are done with aaron hernandez. more than 1,200 showed up at the patriots pro shop to trade in their hernandez. shop said they can turn in their jerseys. the team took all hernandez memorabilia off the sh*els. nasp car stars turned in their racing stripes for a hard hat. darrell waltrip was among the driver who raised the massive race. trevor bane won the chance to break ground at the speedway's redevelopment project. congratulations. >>> she may be a wimbledon champion but that doesn't mean she's getting much respect. >> i wonder if her dad did say to her when she was 12, 13, 14 maybe, listen, you're never going to be a looker. >>brian: a bbc radio ann
the debt and the deficit. that never gets covered. i was sent 10-15 seconds. i said i'm not going to run a break and won a big chunk of the speech. my source sent me the whole speech. if i was accused of taking it out of context, they could see that it was clearly in context. i think that is very important. giving the reporter is much as possible can -- the campaign did a smart thing. they had a tracker record everything joe walsh said. it was public. anyone can go see it. they didn't have time to go watch all of this. he did not necessarily find the nuttiest things he said. it was all out of reporters who had the time to go through. that was great. i would love every lawmaker put up raw video so you could find it. that was very helpful. i cannot get out to illinois. there are a couple ways that, if you're an activist or if you are working on a campaign, you can have your favorite reporter that you send things to directly. do you trust the reporter to keep your identity secret, to write it up anyway that you think is going to be fair? you can send to a group like emily's left, because th
Search Results 0 to 10 of about 11 (some duplicates have been removed)